In this article, we will discuss: 10 Best EV Stocks to Invest In According to Hedge Funds.
On June 16, Reuters cited Benchmark Mineral Intelligence reporting that global battery-electric and plug-in hybrid vehicle registrations increased by 3% year on year in May to around 1.8 million. It is extending a third consecutive month of growth. According to BMI statistics manager Charles Lester, Europe drove growth with registrations rising 23% to about 415,000 units as subsidies and high gasoline costs boosted demand. The global total remained 0.9% higher year-to-date over the first five months.
China slowed down on momentum, with registrations falling 9% to over 987,000 as support was withdrawn and tax benefits expired, as per BMI. Registrations in North America fell 26% to over 123,000 following the expiry of a US tax credit scheme and projected emissions reductions, according to BMI data manager Charles Lester. He said that Chinese OEMs had expanded internationally and targeted untapped European capacity, and Canada’s market opening will have little impact on the North American growth, according to BMI data.
With that said, here are the 10 Best EV Stocks to Invest In According to Hedge Funds.
Methodology:
We used screeners to identify EV Stocks and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. We then identified those with the highest number of hedge fund holders, which we assessed using Insider Monkey’s database of hedge funds as of Q1 2026. The stocks are ranked in ascending order of the number of hedge fund holders.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. NIO Inc. (NYSE:NIO)
Number of Hedge Fund Holders: 31
NIO Inc. (NYSE:NIO) is among the Best EV Stocks.
On May 28, Reuters reported that NIO Inc. (NYSE:NIO) CEO William Li said China’s auto sector has likely moved past its “golden era,” as domestic car sales continued to weaken into May even when exports held up.
Li stated that the rebound in the world’s largest auto market has not materialized. He stressed that the company remains mainly focused on China, while its overseas shipments launched in 2021 through Norway remain “negligible.”
He commented that China is still the most productive market for pure electric vehicle investment. Capital deployed abroad would take longer to generate returns with less certainty. He said plug-in hybrids and internal combustion vehicles remain better suited for global markets, underlining a split strategy across powertrains.
Li also noted that China’s automobile ownership has reached 370 million vehicles, calling it “no longer a growth market but rather a saturated market.” NIO Inc. (NYSE:NIO) plans to grow spending on smart-driving computing resources fivefold this year as compared to 2025.
NIO Inc. (NYSE:NIO) shares jumped 10.5% in Hong Kong trading, marking its strongest daily percentage gain since March 11.
NIO Inc. (NYSE:NIO) operates as a holding company that designs, develops, manufactures, and sells smart electric vehicles. It offers its products under the brands NIO, ONVO, and FIREFLY.
9. EnerSys (NYSE:ENS)
Number of Hedge Fund Holders: 42
On June 12, BTIG raised its price target on EnerSys (NYSE:ENS) to $280 from $250. The firm retained a “Buy” rating on the shares. Analyst Gregory Lewis highlighted the company’s Investor Day guidance, pointing to expected 3%-5% market growth plus an extra 1%-3% from target-market initiatives. It frames energy storage demand as a multi-year growth driver with margin expansion potential.
On June 10, EnerSys (NYSE:ENS) introduced its EZSelect™ Lite system in Zug, Switzerland. It is a battery-room management tool designed to streamline selection and monitoring through automated diagnostics and real-time tracking.
The corporation said site tests show manual battery selection leads to “30% under-utilised” and “20% over-used” batteries. The EZSelect system reduces inefficiencies through charger level monitoring devices and visual guidance.
The company stated that a 10% reduction in daily truck changes and a 10% faster battery swap can fuel payback in under eight months, with 2–5 minutes saved per change and up to six months of extra battery life.
EnerSys (NYSE:ENS) provides stored energy solutions for industrial applications. It operates through Energy Systems, Motive Power, and Specialty segments.
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